Endava Continues Asia Pacific Expansion, Announcing the Acquisition of DEK - Endava (NYSE:DAVA)

Logo BenzingaBenzinga
2023-06-09 10:32:00  • 10 mins

(NYSE "DAVA") Endava, a pure play next-gen technology company, announced today the acquisition of DEK Corporation Pty Ltd, DEK Technologies Sweden AB and DEK Vietnam Company Ltd (collectively, "DEK"), a multinational firm that develops cutting-edge software and hardware solutions across a range of applications, including embedded systems, real-time solutions, telecoms and data communications.

DEK was founded in 1999, has 660 operational employees, and is headquartered in Melbourne, Australia with additional offices in Ho Chi Minh, Vietnam and Stockholm, Sweden. DEK's expertise spans several industry sectors with the most prominent being telecommunications. One of its longstanding clients is one of the world's largest networking and telecommunication equipment and services companies. Other clients include Australia's largest telecoms company and a publicly listed artificial intelligence technology company.

With this acquisition, Endava demonstrates its strategy of diversification through M&A activities, further enhancing its Australian operations. It has successfully completed a trifecta of acquisitions of Australian headquartered businesses within the last fiscal year alone. These include the acquisitions of Lexicon in October 2022 and Mudbath in May 2023.

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